Mon, 7 July
28.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Gross insurance premiums of Armenian companies in first half slash by 30 percent to 15.6 billion drams

YEREVAN, August 7, / ARKA /. Gross insurance premiums collected by seven Armenia-based insurance companies in the first half of 2014 slashed by 30 percent from the year before to 15.6 billion drams, according to ARKA news agency’s latest bulletin “Insurance Companies of Armenia” compiled for the second quarter of 2014.

The amount of reinsurance premiums in the first half of 2014 amounted to 1.403 billion drams, up from 1.302 billion drams collected in the first half of 2013.

The leading insurance company by size of profit was the Russian-owned Rosgosstrakh Armenia – over 5.26 billion drams. The figure represented a 7 percent decline from the year earlier. It was followed by Ingo Armenia –over 3.6 billion drams (down 23.4%).

Nairi Insurance came in third with about 2.6 billion drams (down 36.2%); Sil Insurance was fourth – about 1.6 billion drams (up 4.3%). It was followed by Reso – around 1.5 billion drams (a decline of 65.5%), Armenia Insurance -1.04 billion drams (up 3%) and Garant-Limens -1.8 million drams.

Gross insurance payments in the first half amounted to 13.7 billion drams, having increased by 41.2 percent, while reinsurance payments totaled 5.9 billion drams against 848 million drams in the same period last year.

The assets of Armenia-based insurance companies in the first half of 2014 stood at 43 billion drams, liabilities – at 27.8 billion drams, capital – at 15.2 billion drams. Their net profits in the second half amounted to 1.6 billion drams, up from 552.8 million drams in the first half of 2013.  ($ 1 – 409.49 drams) -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Euro to Armenian dram exchange rate increased slightly – Central Bank data

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 10, 2025, decreased by 0.29 points compared to June 10 and amounted to 383.25 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

LATEST NEWS

spot_imgspot_imgspot_img